Coming Soon: National Oilwell Varco Earnings

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National Oilwell Varco (NYS: NOV) is expected to report Q2 earnings on July 26. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict National Oilwell Varco's revenue will expand 25.9% and EPS will improve 21.9%.

The average estimate for revenue is $4.42 billion. On the bottom line, the average EPS estimate is $1.39.


Revenue details
Last quarter, National Oilwell Varco tallied revenue of $4.30 billion. GAAP reported sales were 37% higher than the prior-year quarter's $3.15 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $1.44. GAAP EPS of $1.42 for Q1 were 48% higher than the prior-year quarter's $0.96 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 29.4%, 160 basis points worse than the prior-year quarter. Operating margin was 20.4%, 100 basis points better than the prior-year quarter. Net margin was 14.1%, 120 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $18.83 billion. The average EPS estimate is $5.91.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS. Among 796 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 788 give National Oilwell Varco a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on National Oilwell Varco is outperform, with an average price target of $94.31.

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The article Coming Soon: National Oilwell Varco Earnings originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of National Oilwell Varco. Motley Fool newsletter services have recommended buying shares of National Oilwell Varco. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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